Settings8H · net · $10k
Funding arb · Price arb /

TUT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Gate+0.053%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1491.491% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.226%+$23 on $10k
Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.053%, 7d avg +0.022%
Together, before fees+0.127%+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.031% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TUT_USDT0.022610.0100pay 0.0050% / 4h8m 10s$678K$746K10x
ShortBingX TUT-USDT0.022620.0102get 0.0051% / 4h8m 10s$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.42
Price spread: +0.053% → +0.022%
$3.15
Slippage, 4 orders
−$124.1
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$145.53
Costs to cover
1.491%
Break-even
2432.5 days
Slippage from Gate: live order book, 3 min ago; BingX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago5.76 bp53.2 bp −$5384.2 bp −$842doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago4.41 bp21.1 bp −$2157.1 bp −$571668.7 bp −$66.9Kdoesn't fit

TUT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TUTUSDT−0.0188%4h0.02263+0.077%$240K$46K10xas long as short
Binance TUTUSDT+0.0100%4h0.02263+0.097%$6.6M$12.3M10xas long as short
Gate TUT_USDTlong+0.0100%4h0.02261long leg$678K$746K10x
MEXC TUT_USDT+0.0100%4h0.02262+0.053%$2.2M$605K100xas long as short
KuCoin TUTUSDTM+0.0100%4h0.02262+0.053%$1.8M$578K10xas long as short
Bitget TUTUSDT+0.0100%4h0.02262+0.053%$6.2M$1.4M10xas long as short
HTX TUT-USDT+0.0100%4h0.02250−0.478%$39K$228K10xas long as short
Bybit TUTUSDT+0.0101%4h0.02265+0.168%$1.5M$1.1M5xas long as short
BingX TUT-USDTshort+0.0102%4h0.02262+0.053%$2.3M
Extended TUT-USD+0.0104%1h0.02262+0.049%$4065xas long as short